FAQ

We appreciate your patience as we refine our documentation. If you encounter any issues or have feedback, please let us know so we can continue to improve! 🛠️📝

Do I have to connect an external wallet (e.g., MetaMask) to my Amplifi account?

No, you do not need to connect an external wallet. Amplifi is integrated with ThirdWeb Wallet, which automatically creates an in-app wallet when you sign up for Amplifi.

Can I withdraw my funds anytime I want or should I wait a specific period?

You can withdraw your funds at any time. There is no specific waiting period required.

Is there any limit of time for staking my funds?

No, there are no minimum or maximum lockup periods for staked tokens. You have complete flexibility with your staking duration.

Which network does Amplifi work on?

Amplifi is currently live on the Polygon network. We have plans to support multiple blockchains in the future, as outlined in our roadmap.

Do I have to pay any fees for transactions using the dApp?

You don’t have to pay transaction fees. Amplifi spreads these costs across all users, and the yield rate shown in the app is the exact yield you receive.

Beta 1.5 has no deposit or withdrawal fees, but in Beta 2, there will be a $0.90 deposit fee and a $1.30 withdrawal fee.

What are the available strategies and how are they selected?

Currently, our only published strategy is the Beta Vault. The Beta Vault leverages USDT lending on Aave via Polygon. In the future, new strategies can be proposed by the community and the protocol and voted on during governance proposals using the AMPFI token.

Are you planning to implement a DAO?

We do not have plans to implement a DAO at the moment.

Can I export my private keys?

No, users will not be able to export their private keys. This is because the keys are embedded within the wallets used by our platform, which leverages ThirdWeb technology. As a result, neither we nor the users have direct access to the private keys since they are encrypted and the wallets are non-custodial.

If you wish to export your wallet or access your private keys, you will need to withdraw your funds to a Metamask wallet first.

How are strategies and protocols selected?

We prioritize protocols with a proven track record. For example, Aave, which has been operational since 2017, is the type of protocol we target. Our criteria include a long history of reliable performance, minimal exploits, and overall security.

We look for protocols with deep liquidity and well-performing pools. After initially focusing on these established protocols, we will consider expanding to other protocols based on user preferences and demands.

How often does my account accrue and reflect the yield earned?

Rewards from pools are harvested and automatically compounded.

How does the AI work to get the best yield possible?

We deploy funds to several cross-chain pools for each vault, enabling single-asset deposit vaults. Our AI continuously monitors the Annual Percentage Yields (APYs) of the pools we utilize (e.g., the USDT pool on Aave). Amplifi continuously rebalances the allocations to prioritize the highest-yielding and most sustainable APYs.

How does Amplifi keep my funds safe?

Amplifi uses ThirdWeb's Embedded Wallet technology to secure your funds. Private keys are embedded within the wallet and the app, ensuring they are not exposed to malicious actors. Two-factor authentication (2FA) is required to send funds off the platform. The platform itself does not have access to user accounts or funds.

Furthermore, we only integrate with audited and trusted protocols to ensure the safety of user funds. Additionally, our development roadmap includes implementing an AI/ML engine for risk management, which will monitor pools for vulnerabilities in their codebases. We also plan to conduct audits and offer public bug bounties to ensure our systems are secure and reliable.